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Canada - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Canada - Ball Or Roller Bearings - Market Analysis, Forecast, Size, Trends and Insights

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May 25, 2023

Bearing Price in Canada Falls to $44.1 per kg

Canada Bearing Import Price in February 2023

In February 2023, the bearing price amounted to $44,140 per ton (CIF, Canada), waning by -5.9% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2022 an increase of 8.9% against the previous month. Over the period under review, average import prices hit record highs at $46,901 per ton in January 2023, and then shrank in the following month.

There were significant differences in the average prices amongst the major supplying countries. In February 2023, the country with the highest price was Japan ($76,943 per ton), while the price for India ($15,166 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

COUNTRYImport Price of Bearing in Canada (USD per ton)
Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023
Japan47,69559,19357,08857,27349,19545,67061,30551,54558,57949,20154,01753,10776,943
Germany34,61945,45747,31156,12941,76148,88346,08134,00836,62559,40943,86154,20159,686
China53,82750,72848,80948,60143,31041,44746,02651,34545,83954,91654,25456,65857,646
United States39,56834,75133,50133,29430,56933,00731,38335,57736,67231,91237,75736,39532,821
Romania34,94525,69831,89619,00522,86022,91936,19020,72427,43720,90719,52722,43325,652
Sweden19,11720,98220,03318,92919,21624,69820,96022,41521,10019,69218,70133,72418,842
India14,31416,76615,57616,54815,42217,28014,77917,11115,54217,27614,92916,87415,166
Average44,82244,97943,47245,22039,97643,54344,80244,71644,68441,18343,68546,90144,140

Canada Bearing Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In February 2023, the product with the highest price was needle roller bearings ($27,747 per ton), while the price for tapered roller bearings ($12,229 per ton) was amongst the lowest.

From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by ball bearing (+495.3%), while the prices for the other products experienced mixed trend patterns.

Canada Bearing Imports

In February 2023, the amount of ball or roller bearings imported into Canada shrank to 1.2K tons, waning by -4.3% against January 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 with an increase of 23% m-o-m.

In value terms, bearing imports fell to $55M (IndexBox estimates) in February 2023. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 23% against the previous month. As a result, imports attained the peak of $66M. From April 2022 to February 2023, the growth of imports remained at a somewhat lower figure.

Canada Bearing Imports by Type

In February 2023, tapered roller bearings (901 tons) constituted the largest type of bearing supplied to Canada, with a 73% share of total imports. Moreover, tapered roller bearings exceeded the figures recorded for the second-largest type, spherical roller bearings (247 tons), fourfold.

From February 2022 to February 2023, the average monthly growth rate of the volume of import of tapered roller bearings was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: spherical roller bearings (+0.0% per month) and needle roller bearings (+1.7% per month).

In value terms, ball bearings ($23M) constituted the largest type of bearing supplied to Canada, comprising 43% of total imports. The second position in the ranking was held by tapered roller bearings ($11M), with a 20% share of total imports. It was followed by cylindrical roller bearings, with a 13% share.

Canada Bearing Imports by Country

In February 2023, the United States (676 tons) constituted the largest bearing supplier to Canada, accounting for a 55% share of total imports. Moreover, bearing imports from the United States exceeded the figures recorded by the second-largest supplier, China (145 tons), fivefold. India (67 tons) ranked third in terms of total imports with a 5.4% share.

From February 2022 to February 2023, the average monthly growth rate of volume from the United States amounted to +2.0%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-0.8% per month) and India (+1.9% per month).

In value terms, the United States ($22M) constituted the largest supplier of bearing to Canada, comprising 41% of total imports. The second position in the ranking was taken by China ($8.4M), with a 15% share of total imports. It was followed by Japan, with an 8.7% share.

From February 2022 to February 2023, the average monthly growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: China (-0.2% per month) and Japan (+0.9% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the bearing market in Canada. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 28151030 - Ball bearings
  • Prodcom 28151053 - Tapered roller bearings (including cone and tapered roller assemblies)
  • Prodcom 28151055 - Spherical roller bearings
  • Prodcom 28151057 - Cylindrical roller bearings (excluding roller bearings, needle roller bearings)
  • Prodcom 28151070 - Needle roller bearings
  • Prodcom 28151090 - Roller bearings (including combined ball/roller bearings) (excluding tapered roller bearings, spherical roller bearings, n eedle roller bearings)

Country coverage:

  • Canada

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Canada
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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